IFQs & Federal Fisheries

September 14, 2023

We continued to get quite a bit of fishing reports from longliners this week, and I want to share a big 'thank you' to everyone who has sent thoughts. And to everyone who hasn't: we can't be friends anymore. Kidding. But again, it's never too late. Send thoughts our way any time, we really value your input and opinions on the fisheries, market, prices, struggles, wins, whatever you have to share. Here are some more thoughts from longliners across the state:

"I got $4 a pound this week in Kodiak. Feeling lucky I sold most of my cues this year. My catch rates are about 50% of the last year but most of the people I talk to their catch rates at 2/3 of what they were last year."

"Value of ifqs increased, then peaking before covid. Not so much today, due to increased price of fuel & bait.
 To make matters worse, finding crew is getting harder, due to less money to be made in all fisheries."

"NOAA and WSU are partnering to do sablefish farming. When we have more sablefish to harvest than markets why is our government competing with private enterprise. Why are there more fish farms being built every year and thriving while commercial harvesters are headed to bankruptcy." [link]

"I have a friend who was trying to find a buyer for some 3A in Kodiak. There are now no processors in Kodiak buying halibut and I am assuming sablefish as well."

We saw increased interest in 3A quota this week, with offers of $30.00 for C class unblocked quota and $23.00 for D class blocked quota. 

Okay, following suit, I'm going to end on a high note again. The Bristol Bay red king crab fishery, which has been closed for the last two years, could potentially open this year, as preliminary survey data shows increased abundance - enough to meet the threshold for a season. 

The statewide sablefish TAC is 47% harvested, with AI at 6%, BS at 37%, CG at 54%, SE at 62%, WG at 58%, and WY at 70%. The statewide halibut TAC is 64% harvested, with 2C at 75%, 3A at 68%, 3B at 68%, 4A at 46%, 4B at 33% and 4C/4D at 46%. See the full report here